Stock analysts at Roth Capital initiated coverage on shares of American Superconductor Corp. (NASDAQ:AMSC) in a research note issued to investors on Monday. The firm set a “buy” rating and a $10.00 price target on the stock. Roth Capital’s target price would indicate a potential upside of 35.87% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of American Superconductor Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. FBR & Co decreased their target price on shares of American Superconductor Corp. from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, August 10th. Finally, Oppenheimer Holdings Inc. began coverage on shares of American Superconductor Corp. in a report on Monday, June 20th. They set an “outperform” rating and a $12.00 target price on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.33.
Shares of American Superconductor Corp. (NASDAQ:AMSC) traded up 5.75% during trading on Monday, reaching $7.36. 58,160 shares of the company were exchanged. The stock has a 50-day moving average price of $6.97 and a 200-day moving average price of $8.43. American Superconductor Corp. has a one year low of $3.81 and a one year high of $12.50. The stock’s market capitalization is $104.42 million.
American Superconductor Corp. (NASDAQ:AMSC) last posted its earnings results on Tuesday, August 9th. The company reported ($0.64) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.28. The business had revenue of $13.30 million for the quarter, compared to analyst estimates of $13.39 million. American Superconductor Corp. had a negative net margin of 28.46% and a negative return on equity of 30.24%. American Superconductor Corp.’s revenue was down 43.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.72) EPS. Analysts forecast that American Superconductor Corp. will post ($2.32) EPS for the current year.
Several institutional investors have recently modified their holdings of the company. A.R.T. Advisors LLC bought a new position in shares of American Superconductor Corp. during the second quarter worth approximately $104,000. TFS Capital LLC bought a new position in shares of American Superconductor Corp. during the second quarter worth approximately $105,000. Teachers Advisors Inc. bought a new position in shares of American Superconductor Corp. during the second quarter worth approximately $162,000. Scopia Capital Management LP bought a new position in shares of American Superconductor Corp. during the first quarter worth approximately $149,000. Finally, Schwab Charles Investment Management Inc. bought a new position in shares of American Superconductor Corp. during the second quarter worth approximately $167,000. 30.28% of the stock is currently owned by hedge funds and other institutional investors.
American Superconductor Corp. Company Profile
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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